40 million consumers will be using mobile banking this year, but protecting confidential data on mobile devices presents special challenges. For example, most mobile devices don't delete data in the same way that laptop computers do, increasing the risk that confidential data could be accessed if the mobile device is lost or stolen -- if not encrypted.
This paper provides key guidelines for developing and maintaining secure mobile banking apps:
- Encrypting sensitive data on your mobile devices
- Use experienced developers that follow secure coding practices
- The importance of thoroughly testing your application before launch